WorksheetsResource Management: Chapter 1
Total questions: 25
Worksheet time: 2hrs 1mins
The role of the citizen does NOT include
Using public services
Voting
Producing goods
Paying taxes
Everything offered for sale to the general public makes up the
Marketplace
Public service sector
Business sector
Economic system
Those who sell directly to consumers are
Advertisers
Volunteers
Retailers
Workers
Technology affects consumers in all of the following ways EXCEPT
Providing new ways to shop for products
Making it easier to buy on impulse
Making information more accessible
Reducing available options
An effective consumer might do any of the following EXCEPT
Track daily finances
Buy a product on impulse
Set financial goals
Use credit cards
A formal letter of complaint should include all EXCEPT
A positive start
A clear and concise complaint
A reasonable solution
A list of reasons why you are not satisfied
A neutral person who hears both sides of a dispute and makes a decision is called a(n)
Arbitrator
Counselor
Lawyer
Mediator
Consumer, (a) , and citizen are the three major economic roles that most people play.
Child care and auto maintenance are examples of (a) used by consumers.
In economic terms, physical objects that are produced, such as radios, chocolate chip cookies, and magazines are called (a) .
The (a) is all of the goods and services available for sale to the general public.
Identity theft is the illegal use of an individual's ________ ______.
(a)
Media is channels of mass communication.
True
False
Pyramid schemes fail because it is impossible to continue recruiting enough people.
True
False
Technology has increased the opportunities for fraud.
True
False
Effective consumers set goals, think critically, and plan for financial security.
True
False
As a consumer, you have the right to safety, to choose, to be heard.
True
False
A dispute that gets resolved in small claims court is usually between $1,000 and $5,000.
True
False
Why should you guard your social security number?
What are two ways to prevent identity theft?
List two ways thieves can obtain personal information.
Explain the strategy behind the bait and switch scheme.
How do consumers influence the marketplace?
List the three economic roles.
Explain what cookies are. (Not the kind you eat!)
